Acer saw sales in January increase 5.8% year on year to NT$22.7 billion ($719.6 million). The company also announced the completion of its second public offering of 300 million common shares, raising a total of NT$5.4 billion ($180 million). The funds will be used to pay down bank loans, to finance the Euro Convertible Bons and to bolster funds for new business investments for the company’s long-term sustainability.
This is the first equity raising plan by Acer since the company spun off its former manufacturing operations.
